https://www.taxtmi.com/caselaws?id=237866 The High Court upheld the Tribunal's decision, dismissing the Tax Appeal. The Court agreed that the income from the sale of shares should be treated as long term capital gain and short term capital gain, not business income. It emphasized the limited number of transactions, extended holding periods, and investment intent shown by the assessee. The Court found no legal issue to consider and affirmed the Tribunal's ruling based on the specific facts of the case. en-us Wed, 27 Feb 2013 00:00:00 +0530 Fri, 25 Mar 2016 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237866 The High Court upheld the Tribunal's decision, dismissing the Tax Appeal. The Court agreed that the income from the sale of shares should be treated as long term capital gain and short term capital gain, not business income. It emphasized the limited number of transactions, extended holding periods, and investment intent shown by the assessee. The Court found no legal issue to consider and affirmed the Tribunal's ruling based on the specific facts of the case. Case-Laws Income Tax Wed, 27 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237866